Nisa Investment Advisors LLC Decreases Holdings in Regions Financial Corporation $RF

Nisa Investment Advisors LLC trimmed its holdings in shares of Regions Financial Corporation (NYSE:RF) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 305,088 shares of the bank’s stock after selling 37,497 shares during the period. Nisa Investment Advisors LLC’s holdings in Regions Financial were worth $7,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in RF. American National Bank & Trust boosted its position in Regions Financial by 2,433.3% during the 2nd quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after purchasing an additional 1,022 shares during the period. CVA Family Office LLC boosted its position in Regions Financial by 163.2% during the 2nd quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock worth $25,000 after purchasing an additional 656 shares during the period. Bayforest Capital Ltd lifted its holdings in Regions Financial by 637.3% in the 1st quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after buying an additional 1,058 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Regions Financial in the 2nd quarter worth $30,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Regions Financial in the 2nd quarter worth $32,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Regions Financial news, Director Roger W. Jenkins acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the purchase, the director directly owned 6,383 shares in the company, valued at $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David R. Keenan sold 30,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the sale, the executive vice president owned 90,915 shares in the company, valued at approximately $2,273,784.15. This trade represents a 24.81% decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Regions Financial Price Performance

RF opened at $24.23 on Tuesday. The firm has a market cap of $21.62 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The company’s 50-day moving average price is $26.07 and its 200 day moving average price is $23.93. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. The firm had revenue of $1.81 billion for the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. As a group, sell-side analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be paid a dividend of $0.265 per share. The ex-dividend date is Monday, December 1st. This represents a $1.06 annualized dividend and a yield of 4.4%. Regions Financial’s dividend payout ratio is 46.70%.

Analyst Ratings Changes

A number of equities analysts have commented on RF shares. Barclays reiterated an “underweight” rating and issued a $27.00 price objective (up previously from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Cowen reiterated a “buy” rating on shares of Regions Financial in a report on Tuesday, October 21st. DA Davidson boosted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Cantor Fitzgerald started coverage on shares of Regions Financial in a report on Wednesday, September 10th. They issued an “overweight” rating and a $30.00 price objective on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Regions Financial in a report on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Regions Financial presently has an average rating of “Hold” and an average price target of $28.19.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.